Sentences with phrase «provide pure death benefit protection»

This is because these plans provide pure death benefit protection only, and they do not offer any cash value or investment build up within the policy.

Term life insurance is generally less expensive and is designed to provide pure death benefit protection for a specific period of time.

Term life insurance provides pure death benefit protection only.

Term Life Definition: Term life provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).

This product provides pure death benefit protection only, without any cash value or savings component.

Term life insurance provides pure death benefit protection only, without any cash value or savings build up.

One reason for this is because term life insurance provides pure death benefit protection only, without any cash value build up.

For some people, term life is sufficient because it provides pure death benefit protection.

Not exact matches

Over time, life insurance policies have evolved from simply offering pure death benefit protection, to providing many additional savings and investment options.

Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.

Term life insurance coverage provides pure, death benefit protection only.

With term life insurance, coverage is provided for pure death benefit protection only.

This is because term life provides pure and simple death benefit protection, without any other cash value or investment component attached to it.

Term life is pure insurance protection that provides a death benefit if you die within a set number of years and typically nothing if you live beyond that term.»

Term plans are pure protection plans which only provides a death benefit.

Unlike simplified issue term life insurance which offers pure death benefit only, a simplified universal life (UL) policy will provide the policyholder with both death benefit protection, as well as a cash value component.

Term insurance can be thought of as «pure protection» in the sensethat it provides only a death benefit, and then, only if theinsured dies for a reason that is not excluded by the policy duringthe term of the policy.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

A term plan is a pure protection plan with death benefits only and no maturity benefits, while a term plan with ROP provides life cover where all the premiums paid are refunded as maturity benefit, if the life assured survives maturity.